An Act relative to the veteran allowance for public retirees

HD 758 adds a veteran allowance to retirement benefits for public retirees who are veterans. It provides an additional $50 per year of service (capped at $1,000 total) for veterans in Group 1, 2, or 4 retirement systems. Retirement systems must approve the change via board vote and legislative body approval, though the state teachers' and employees' systems are already deemed to have accepted it. The allowance applies prospectively only, with no retroactive payments allowed.